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DaimlerChrysler Nearing Deal to Sell U.S. Auto Unit
DaimlerChrysler is closing in on the sale of Chrysler to the private financial firm Cerberus Capital Management in a deal expected to be announced as early as today. The sale would unravel a mega-merger of the 1990s and highlights the growing influence of private equity on American business.-
By Sholnn Freeman and Tomoeh Murakami Tse